btceur bitcoin rally only if it breaks 10000 Euro before HalvingBitcoin is still in 10week cycle
If the price will break 10000 Euro before the Halving, in May then the new crypto rally will start reaching 15-17 000 Euro per Bitcoin.
Otherwise it will dump into falling channel reaching 3000 till end of the year.
BTCEUR
ridethepig | BTC Spot Commentary 2020.02.06Another strong bounce for BTC and all major Cryptos given the claims a cure had been found from Zheijan University. BTCUSD marching through 9600 to test 9750 is clearly carrying the solid demand over the past two days.
A capitulation leg is cooking in the Long-term diagram:
On the fundamental side, we can continue to ride the helicopter money from PBOC & Fed. Despite “solid” US data of course FED are keeping the printers on to help fund Whitehouse fiscal policies. Markets are underestimating just how bad the knock in confidence will be when this catches up and the likely impact this will have on BTC inflows. I continue to see this eventually heading towards fresh all time highs.
The flows remain towards: $13,500 => $16,000 => $33,000
It always boils down to the same situation; a complex swing which may look sound, but has one stick opponent. According to the technical rules, the damage was already done on the break.
As usual thanks for keeping your support coming with likes, comments, charts, questions and etc!
#BITCOIN | What is next ! Hello dear !
Today we will try to anticipate the next price trend
As we previously expected, the price will rise from the $ 8200 areas to the highest, and this is what you have done. You can confirm this at the bottom of the article.
Now we notice that the price has reached the regions of 9500 dollars and this is a good thing
The next target will be 10300 dollars as shown in the analysis above. Take a good opportunity to enter.
Take Care !
Great analysis
BTC Correction in progress, price will shortly go up >> USDCHFBitcoin trades inside a bullish channel, it's just a matter of time before it breaks outside the descending triangle and goes up.
I've also checked the Elliot waves approach to investigate the potential of the price dropping lower but the figures just dont add up.
Finally, if this bullish trend breaks, bitcoin will go all the way down for good and believe me, neither bulls nor bears or whales want that.
***IMPORTANT **** bitcoin's pattern is identical to that of USDCHF, I couldn't find a way to upload a picture, but please if you know how tell me and I'll upload the USDCHF diagram asap.
Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
Bitcoin Weekly New All Time High ChartBTCUSD Technical Analysis Chart:
#bitcoin now Trading at $9290. ( when I write this post.)
what Say Chart:
According to chart BTCUSD now looking fully bullish mode.
And at now we are at Resistance Level at $9555.
and this is very Big resistance.
and strong Trendline resistance also.
if We hold price above $9555 and also any weekly candle close above $9555 then we are extremely Bullish.
now BTCUSD rejected 3 time this Resistance level so I can expect Some Retracement.
retracement would be 1000$ also.
so keep an eye on Chart.
Support 1: $8720
Support 2: $8540
Support 3: 8150
Resistance 1: $9555
Resistance 2: $12500
Resistance 3: $118971
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Bitcoins Golden CrossDaily Golden Cross Incoming, will this have an affect on price? Maybe.. 'A golden cross appears on a chart when a short term moving average crosses a long term moving average (50, 200)' As we have already seen a golden cross on the weekly for BTC which materialised some nice returns, I don't think we will see much in comparison. Included a support zone (blue line) if the bullflag breaks down.
Bitcoin Current Exclusive Update#BTCUSD Technical Analysis Chart:
BTCUSD Now Trading Bellow $9400.
according to TA we can say We are bearish for Short Term.
only we are bearish because we want retracement of Bitcoin.
And Retracement is good for long Run.
now we are Watching Current Resistance Level $9555.
If we can break above this Resistance Line then We can see BTCUSD $10000+ within few weeks.
but If we can't break above and now two time rejected this resistance line so I can expect some short term Retracement.
My Key point is $9075 and $8336.
Resistance : $9555/$10000
And $8540 is CME GAP also.
4 , 6, 8 hours MACD also Bearish.
So guys keep an eye on every updates.
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BITCOIN Bearish Mode vs Bullish ModeBTCUSD Technical Analysis Update:
BTCUSD Now Trading bellow $9250.
What TA Says..?
according to technical analysis We saw now Bearish Engulfing in 2 days chart.
If This currently 2 days Chart candle close bellow $9300 then I am bearish .
and My Target will be $8700 and $8205.
Support1: $8720
Support2: $8203
$8540 is also CME gap still not filled.
MACD also bearish .
I am Looking for Long Opportunities .
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ridethepig | Transferring the attackBeing overly defensive is not an act of religious charity, rather a strategic advantage to flow from the demand zone that we established with the Bakkt Floor. There is only one exceptional case in which a weak swing has any justifiable claim to be over-protected, that is when it is being nursed through the function of a growing giant.
For example:
The base of the swing was formed live here when we traded the overprotection. With this we said farewell to sellers and presented another sad case of "the last offer".
Here after the break we are no longer required to talk so much about the technicals. BTC is benefiting from the risk-off sentiment and after trading above $9,500 earlier in the week the Crypto board is turning to the next chapter. A little higher this morning as more risk comes off. Remember BTC also has the fundamental driver via halving entering back into play which I would expect to continue finding demand on dips towards $9,000, while also keeping a close eye on the $10,000 window where we find some further profit taking.
The flows remain towards: $13,500 => $16,000 => $33,000
It always boils down to the same situation; a complex swing which may look sound, but has one stick opponent. According to the technical rules, the damage was already done on the break.
I will continue to trade the buy side for now and actively looking to add longs on the day in BTC, LTC, EOS and other major Cryptos. If we get enough interest we can start to open up the faster intraday flows for Cryptos on Hourly and H4 charts.
As usual thanks all for keeping the support coming with likes and comments!
BTC may have a tiny dip before Next rallyHey all,
I am back with another chart. BITCOIN sounds so strong at the moment, I am Very bullish with bitcoin and expecting it in 10ks however I am also expecting a tiny dip here which could take us back to 8700-9000s range before another rally.
So my trade advise :
For Day Traders and Quick Scalpers:
Short around 9360-9300
Target : 8800 - 8900 -9100
StopLoss : 9420(very tight)
Peace,
Budha
Bitcoin Bearish Mode Activated#BTCUSD Update:
#BTC went upto $9199 and dumped $250 instant.
now if Daily candle Close bellow $8900 then I am bearish for Short Term.
And $8613 is Strong Support so Best for Long entry.
I opened Short with Stop loss $9200.
and Small time frame also bearish diversion.
so I am bearish in short term
and Bullish in Mid and Long Term.
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Bitcoin Exclusive Update $422000 within 2 Year..?Bitcoin Now Looking Very Bullish in Weekly Chart Frame.
If we see last Past DATA then we can see Next bull run is very Near.
I calculate all data after My analysis Research.
First Time 30MA crossed 50MA which is Bearish and After this Bearish Crossover Bitcoin Dumped hard and decreased 71%.
mean $588 to $166 ( approximately -71% dumped.
after this bearish crossover Again 30MA crossed 50MA upper Side (which is very Bullish.
And We get new All time High of Bitcoin which was $20000.
Mean after This Bullish crossover Bitcoin Low Was $300 and High Was $20000.
Mean 6530%.
again We saw bearish Pattern at 3 July 2018 that time bearish crossover again happened 30MA crossed 50MA downside.
and we saw bitcoin low $3215 after this Bearish Crossover.
But main good thing is this 30MA again Bullish crossed Upper side 50MA.
And this is very Bullish.
if we calculate past data then after bullish crossover low was $6477 and if we calculate from this low and 6530% then we can see Bitcoin Price in Next Bull circle $422948.
I know this is very high but we calculate from last DATA.
So I am extremely Bullish on Bitcoin.
Halving: Before Halving we can see Bitcoin Price Max $15900.
After halving its can go to the Moon.
and Our Target would be $422948.
Do your own Research and This is Not Financial Advice.
This is My Own Research.
Bitcoin Current Update Bear Vs BullBitcoin Now trading Above $8400.
Overview: Yesterday I told You if Daily Candle Close above $8300 then we can see some Spike.
So Now Bitcoin Went upto $8490.
What Chart Says..?
Now We can say that 8 hours Time Frame $8498 Is Resistance of 200MA.
If daily Candle Close above $8500 then I am Bullish till $8900.
But
if Candle close Bellow $8400 then I can expect some Leg down.
But remember if we breakdown $8300 Support then Ready for $7800-$8000
I am buying more Bitcoin every Dip.
Dip = buying opportunities
Support: $8200/$7800
Resistance : $8800/$9800
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Bitcoin ( BTC ) KEY Support Level : 8215 Bitcoin ( BTC ) has a key support area at 8215. This Fib is started all the way from ATH's down to when we reached 3k. If you are short on a swing trade, you don't have anything to worry about. If you are scalping, I would recommend selling your stack here, to prevent losing any off of a potential bounce. Just to add on to reassure bears though, we have dipped below the 200 EMA on the daily, and of course we still had rejection on the 200 MA. Things are still looking great for the gains!!! Happy Trading!